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7:15 | 17.09.2020
School Furniture Market in North America- Roadmap for Recovery from COVID-19 |The Growing Demand For Modern, Luxury Furniture to boost the Market Growth | Technavio

Technavio has been monitoring the school furniture market in North America and it is poised to grow by $ 228.76 mn during 2020-2024, progressing at a CAGR of over 2% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200916005783/en/Technavio has announced its latest market research report titled School Furniture Market in North America 2020-2024. (Photo: Business Wire)Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts Frequently Asked Questions: What are the major trends in the market?
Growth in demand for eco-friendly furniture is a major trend driving the growth of the market. At what rate is the market projected to grow?
The year-over-year growth for 2020 is estimated at 1.27% and the incremental growth of the market is anticipated to be $ 228.76 mn.
Who are the top players in the market?
Fleetwood Group Inc., Haworth Inc., Herman Miller Inc., HNI Corp., KI, Kimball International Inc., Knoll Inc., Steelcase Inc., Teknion Group, and Virco Mfg. Corp., are some of the major market participants.
What is the key market driver?
The growing demand for modern, luxury furniture is one of the major factors driving the market.
How big is the Seating market?
The seating segment will contribute 65% of the market share.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Fleetwood Group Inc., Haworth Inc., Herman Miller Inc., HNI Corp., KI, Kimball International Inc., Knoll Inc., Steelcase Inc., Teknion Group, and Virco Mfg. Corp. are some of the major market participants. The growing demand for modern, luxury furniture will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.View market snapshot before purchasingTechnavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.School Furniture Market in North America 2020-2024: Segmentation
School Furniture Market in North America is segmented as below:

Product

Seating

Storage

Lab Equipment

Other Furniture

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR44242School Furniture Market in North America 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The school furniture market report covers the following areas:

School Furniture Market in North America Size

School Furniture Market in North America Trends

School Furniture Market in North America Industry Analysis

This study identifies growth in demand for eco-friendly furniture as one of the prime reasons driving the school furniture market growth in North America during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports. Register for a free trial today and gain instant access to 17,000+ market research reports. Technavio’s SUBSCRIPTION platformSchool Furniture Market 2020-2024: Key Highlights
CAGR of the market during the forecast period 2020-2024

Detailed information on factors that will assist school furniture market growth in North America during the next five years

Estimation of the school furniture market size in North America and its contribution to the parent market

Predictions on upcoming trends and changes in consumer behavior

The growth of the school furniture market in North America

Analysis of the market’s competitive landscape and detailed information on vendors

Comprehensive details of factors that will challenge the growth of school furniture market vendors in North America
Table of Contents:Executive SummaryMarket Landscape
Market ecosystem

Market characteristics

Value chain analysis
Market Sizing
Market definition

Market segment analysis

Market size 2019

Market outlook: Forecast for 2019 – 2024
Five Forces Analysis
Five forces summary

Bargaining power of buyers

Bargaining power of suppliers

Threat of new entrants

Threat of substitutes

Threat of rivalry

Market condition
Market Segmentation by Product
Market segments

Comparison by Product

Seating – Market size and forecast 2019-2024

Storage – Market size and forecast 2019-2024

Lab equipment – Market size and forecast 2019-2024

Other furniture – Market size and forecast 2019-2024

Market opportunity by Product
Customer LandscapeGeographic Landscape
Geographic segmentation

Geographic comparison

US – Market size and forecast 2019-2024

Canada – Market size and forecast 2019-2024

Mexico – Market size and forecast 2019-2024

Key leading countries

Market opportunity by geography

Market drivers

Market challenges

Market trends
Vendor Landscape
Overview

Vendor landscape

Landscape disruption
Vendor Analysis
Vendors covered

Market positioning of vendors

Fleetwood Group Inc.

Haworth Inc.

Herman Miller Inc.

HNI Corp.

KI

Kimball International Inc.

Knoll Inc.

Steelcase Inc.

Teknion Group

Virco Mfg. Corp.
Appendix
Scope of the report

Currency conversion rates for US$

Research methodology

List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
View source version on businesswire.com: https://www.businesswire.com/news/home/20200916005783/en/


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